Which one of the following is a characteristic of universal life insurance?

Insurance

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Which one of the following is a characteristic of universal life insurance?

A. The cash value of the policy will always keep the coverage in force.

B. The cash value is guaranteed to earn at least a minimum interest rate.

C. If the policyholder becomes unemployed, premiums will be waived.

D. Policyholders are locked in to regular premium payment.

Answer: B

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